|Bid||0.0350 x 0|
|Ask||0.0350 x 0|
|Day's Range||0.0350 - 0.0350|
|52 Week Range||0.0200 - 0.0500|
|Beta (5Y Monthly)||-2.43|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Mammoth Resources Corp. (MTH.V), (the “Company”, or “Mammoth”) would like to provide an update on exploration activities at its Tenoriba precious metal, gold-silver property located in the prolific Sierra Madre precious metal belt in southwestern Chihuahua State, Mexico. Mammoth announced on December 20, 2018, that it and Centerra Gold Inc. (Centerra) had reached an agreement to option Mammoth’s Tenoriba property to Centerra whereby Centerra acting as Operator of the property can earn up to a 70% interest in the Tenoriba property upon total project expenditures of US$9.9 million (C$12.0 million) and payments to Mammoth of US$900,000 (C$1.2 million) to be expended over a maximum seven-year period, expenditure amounts which can be accelerated depending on exploration success.
Every investor in Mammoth Resources Corp. (CVE:MTH) should be aware of the most powerful shareholder groups. Generally...
Mammoth announced on December 20, 2018, that it and Centerra Gold Inc. (Centerra) had reached an agreement to option Tenoriba to Centerra whereby Centerra can earn up to a 70% interest in Tenoriba upon total project expenditures and payments of US$9.9 million (approximately C$13.0 million) to be expended over a maximum seven-year period, expenditure amounts which can be accelerated depending on exploration success. On January 20, 2019 Mammoth and Centerra personnel met at Centerra’s exploration office in Mexico to plan the 2019 exploration program and soon thereafter Mammoth’s Vice President Exploration and Centerra exploration team mobilized to the project area, secured accommodations, began community consultations and introductions and began an initial mapping, sampling and diamond drill core review.